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What is the loan amount distributed to the SHG Women through "Stress Nidhi" during the year 2018 - 19 ?

What is the loan amount distributed to the SHG Women through "Stress Nidhi" during the year 2018 - 19 ? Correct Answer Rs. 2381 Crores

The correct answer is Rs. 2381 Crores.

  • The loan amount distributed to the SHG Women through "Stress Nidhi" during the year 2018 - 19 Rs. 2381 Crores.

Key Points

  • Stree Nidhi:
    • Stree Nidhi scheme was launched by the Government of Andhra Pradesh and Mandala Mahila Samakhyas in the year 2013.
    • Stree Nidhi is a Unique Financial Institution for the poor.
    • The aim of the scheme is to provide Livelihood Finance to SHG women.
    • It provides timely and affordable credit to the poor SHG women as a part of the overall strategy for poverty alleviation.
    • Objectives:
      • to leverage technology for the quick delivery of services at the doorsteps of the community in a transparent and hassle-free manner.
      • to extend loans for purposes suiting to the needs of SHGs and their federations.
      • to support organisations of the poor at Village / Slum / Mandal / Town level.
      • to provide social security to the poor through customised insurance schemes.
      • to provide banking services in remote and unbanked areas as a Banking Correspondent.
    • The scheme provided Rs. 2381 Crores loan amount in the year 2018 - 19.

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